The construction progress includes site improvements started last year including, roads, utilities and grading worth $30 million.

Expected to open in the next several months, which is not going to happen for phase one. Phase project plans include a 160 room boutique hotel, 215,000 square foot commercial real estate, 175,000 square feet of retail space and 184 apartments.

Once again the credit market problems and housing market is working against loans financed with real estate as collateral. City Crossing market appraisal is appraised at $250 million.